Asking Price £45,000

Wood Street, Wakefield

  • Popular cafe, sandwich bar and takeaway business
  • Established business achieving £90K per annum
  • Currently operating weekdays 8am to 3.30pm
  • Sale to include fixtures, fittings and goodwill
  • Attractively presented and well maintained premises
  • New 4 year lease in place at £750 pcm
  • Ground floor retail unit and storage cellar

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Typical monthly mortgage repayment with Mortgage Advice Bureau: £176

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Property Details

Bradleys of Wood Street is a popular and well established cafe, sandwich bar and takeaway business operating from attractive and well maintained ground floor premises on Wood Street in Wakefield. Rent and overheads are very reasonable for a busy high street location such as this and a new lease has been signed for the next 4 years. The premises offer approximately 37 square metres (395 square feet) of retail and kitchen space, plus additional basement cellar providing ample storage and staff toilet facilities. Outside seating is permitted by way of a pavement licence.

The business currently achieves £90K annual turnover operating weekdays 8am until 3.30pm, offering potential for any new owner to increase operating hours subject to satisfying any consents. The sale includes high quality fixtures, fittings and equipment including white goods and coffee machine. Copies of accounts are available upon request and a sample menu can be viewed on the business website

The premises comprise an open floor ground floor retail unit with serving counter and seating, and having kitchen facilities to the rear. In addition, there is a large storage basement with toilet facilities. The current owners advise that they have investigated the option to convert the basement to provide additional useable kitchen space. The premises are let by way of a 4 year internal repair and insure lease at £750 pcm which was renewed in March 2023. Further lease details are available upon request.

The business is located on Wood Street within Wakefield City Centre. The location offers excellent passing trade, being close to the main council offices, colleges and railway station in addition to the numerous offices and businesses situated on the door step providing an extensive catchment area. On-street parking is available immediately outside the premises.

The rateable value of the premises is £5400 effective from 1st April 2023. The business qualifies for small business rate relief therefore there are currently no business rates to pay.

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